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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 04, 1965
Page
8
MLC shares jumped 2/- to 76/6 on the Sydney Stock Exchange with Alf 4,000 shares changing hands. In Melbourne the week’s gains reached 4/3 as the price rose by 3/- to 76/-.
Fragmented notes show Russell prices and market levels across industries in Brisbane. Mentions ICL, Austral oil, Queensland cement, Sugars, Planer, Amipol Exptora, Northern Concrete, and mining shifts with mixed gains and declines. Weekly turnover fell in mining while oils and tenders showed modest firmness.
Melbourne Stock Exchange closes steady as sugar producers rise slightly with mixed moves across sectors. Traders note limited volume and modest gains in sugar related shares while broader market shows small up and down shifts amid diverse sector activity.
Wool futures rise as sugar prices climb with bids and quotations cited. Trading figures show 10/3 for roll and 16/ for Mead, with several industrials and financials noted including May 119 and Mar 119.3 amid mixed sentiment on the Sydney Exchange.
A discussion on reactions to the Vernon Report notes critics were angered by its findings while Sir John Crawford issued a soft reply. He defends the departments and rejects conspiracy claims. The piece suggests the report should be judged on decisive questions and criticisms must be fully referenced.
A critic argues that an expert panel’s work supports policy with solid evidence and deserves government respect, while Sir John questions Appendix II. The piece highlights perceived contradictions in Chapter 17 and concerns over projections, urging clarity on the Committee’s analysis and Page 17 remarks.
Amalgamated Wireless Australasia Ltd earned a record consolidated net profit of £859,973 for the year ended June 30. The figure was 14 percent higher than the prior year and represented 28.66 percent on the issued capital of £3 million.
The report notes earnings influenced by investment income and trade creditors. Income from used investments rose while other sources declined. Fixed assets and stock rose with new development and export marketing activity. Development costs total 670.1 million, and the annual report shows a reserve increase and altered stock valuation alongside a bank overdraft.
Osti Holdings Ltd chairman F. W. Theeman announced at the annual meeting that sales in the five months to November rose 48 percent from the prior year. The firm aims to secure a licence for the Koraton bonding process and expects profits to rise as negotiations conclude. Construction of a new sewing mill and dyeing operations to expand capacity are planned, with the workforce rising toward 400 as a major Australian plant nears completion.
Varley Dry Accumulators (Australia) Ltd proposes a bonus issue and then a cash issue to lift paid up capital by about 45,000 pounds. The plan uses a one-for-two basis and would follow a reshaping of capital, with a 100 percent dividend on new shares after the issue, subject to directors’ approval and a forthcoming meeting.
A court approved a settlement under which Mr Justice McClelland and others hold shares in the company. Debentures mature over years to June 1972 and 1975 with small sums and interest included. The scheme was approved by a substantial margin and related to hereditary interests and a pound value settlement in December.
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